Dai (DAI) is currently trading at $0.999638, reflecting a slight increase of 0.07326% over the last 24 hours. The daily price action has remained tight, with a range between $0.998528 and $1, indicating stability typical for a stablecoin pegged to the USD.

The trading volume over the last 24 hours is approximately $52 million, which represents a 1.23% ratio to its market capitalization. This volume level suggests moderate trading activity but does not indicate significant interest from investors at current price levels.

Technical indicators show that the hourly moving averages are clustered around $0.9993 to $0.9995, with marginal upward adjustments. The 1-hour RSI is at 43, suggesting that DAI is nearing oversold conditions, while the 7-day RSI sits at 50, indicating a neutral market sentiment.

In terms of price changes, the 7-day price change is slightly positive at 0.00289, while the 14-day change is also positive at 0.00656, indicating a mild uptrend in the short-term. Conversely, the 30-day price change reflects a decline of 0.01128, suggesting a bearish sentiment in the longer term.

DAI’s all-time high stands at $1.22, established in March 2020, but its performance has stabilized around the $1 mark since. Given the current price stability and relatively low volatility, DAI is maintaining its peg effectively.

Based on the analysis of current price action, technical indicators, and trading volume, the rating for DAI is Hold. This is due to its consistent performance around the $1 peg, indicating reliability as a stablecoin, while there are no immediate catalysts for significant price movement in either direction.